This has been on my mind for the past few days and it's nice to have a clear and concise breakdown on the reasoning. Thanks a ton, upvoted and followed.
This is excellent. There is so much more to Steemit, what more is there to understand and know.
Do you happen by chance to know where the reward pool comes from and how it is filled? A question I have always asked but never a straight answer given.
As a matter of fact, I highly recommend following @sykochica - a close friend and fellow co-host of the @steemittalk Podcast wrote up a series called "Answers To Common Questions", and answers that very one. I hope this helps. :)
Was just wondering this myself after a post dropping from$800 to under $700 in a day with over 100 more upvotes.... now don't get me wrong in happy about this outcome, (yes this sounds crazy but I have my fingers and toes crossed that it does NOT go over $1000!) Ok so you'd have to see the post to understand! 🤣
It is rather confusing to understand how this works with my future posts. Having said that Facebook gives me nothing, Steemit gives me a community of forward thinking people and a potential to make money from my posting awesome stories of my everyday experiences. So I want to thank you for posting this video explaination. Following you and your friend @sykochica now. Have a wonderful day 😃
I feel like just as the cost of the SBD & STEEM fluctuates so should your payout. An when people spread their voting power their overall influence on the market is more sprinkled.
Actually if someone upvote you and give you 1$, it wont decrease because that person continue voting, you keep that 1$, next post should get 0,9$ and 0,8$ and so on... If your 1$ decrease, is because of the average price of the token, sometimes it increases, i remember once the payout of 1 post increased 10$ without getting any new upvote...
The price of steem never remains steady, at least not enough time, remember that the payouts are based on an Average of the price on the last week or something, it is impossible the price to remain steady a complete week... Also i have seen the payout increase sometimes, therefore i don't think that the value of the vote decrease, once the vote is given, the voting power is reduced and thats it, at least thats what i think, we should ask some of the programmer though to be sure... :)
I never disagreed with that. Both factors are at play, I believe. The increase you're talking about is rise in Steem price. You'll see ups and downs caused by both Steem price and voters voting around. Like I said - and this is regardless of the Steem price factor - if a whale votes you up and then continues spreading that love to other people on their posts, you're going to see a drop in your potential payout.
I mean, if the whale gets his power regenerated, why should the payout decrease?... well i am just trying to understand how steemit works, it is not that easy to get :D
The regeneration takes a while. I knocked mine down to 38% on Tuesday. Here we are an hour away from Sunday (CST) and I've only regenerated back to 63.14%. I've been trying to avoid voting, or only vote at 1%.
I'm loving this short info Vlogs. I understand the basics, but between @Sykochica 's post and these videos you two are really 'filling in the blanks'
Appreciate the info and thanks for doing these.
This has been on my mind for the past few days and it's nice to have a clear and concise breakdown on the reasoning. Thanks a ton, upvoted and followed.
This is excellent. There is so much more to Steemit, what more is there to understand and know.
Do you happen by chance to know where the reward pool comes from and how it is filled? A question I have always asked but never a straight answer given.
As a matter of fact, I highly recommend following @sykochica - a close friend and fellow co-host of the @steemittalk Podcast wrote up a series called "Answers To Common Questions", and answers that very one. I hope this helps. :)
https://steemit.com/steem-help/@sykochica/answering-common-questions-where-does-the-money-come-from
Was just wondering this myself after a post dropping from$800 to under $700 in a day with over 100 more upvotes.... now don't get me wrong in happy about this outcome, (yes this sounds crazy but I have my fingers and toes crossed that it does NOT go over $1000!) Ok so you'd have to see the post to understand! 🤣
It is rather confusing to understand how this works with my future posts. Having said that Facebook gives me nothing, Steemit gives me a community of forward thinking people and a potential to make money from my posting awesome stories of my everyday experiences. So I want to thank you for posting this video explaination. Following you and your friend @sykochica now. Have a wonderful day 😃
I feel like just as the cost of the SBD & STEEM fluctuates so should your payout. An when people spread their voting power their overall influence on the market is more sprinkled.
Exactly. The price of Steem is the tide.
And as they say, the rising tide lifts all vessels.
very well said. I true analogy that can be used in almost every instance.
Solves lots of questions that many people had. :)
Actually if someone upvote you and give you 1$, it wont decrease because that person continue voting, you keep that 1$, next post should get 0,9$ and 0,8$ and so on... If your 1$ decrease, is because of the average price of the token, sometimes it increases, i remember once the payout of 1 post increased 10$ without getting any new upvote...
Actually, I believe it's both. You'll notice your payout decrease while the price of Steem remains steady.
The price of steem never remains steady, at least not enough time, remember that the payouts are based on an Average of the price on the last week or something, it is impossible the price to remain steady a complete week... Also i have seen the payout increase sometimes, therefore i don't think that the value of the vote decrease, once the vote is given, the voting power is reduced and thats it, at least thats what i think, we should ask some of the programmer though to be sure... :)
I'm just speaking from my experience here over the last year.
So you must know that payout sometimes increases too right?... I have seen that too, without getting any new votes...
I never disagreed with that. Both factors are at play, I believe. The increase you're talking about is rise in Steem price. You'll see ups and downs caused by both Steem price and voters voting around. Like I said - and this is regardless of the Steem price factor - if a whale votes you up and then continues spreading that love to other people on their posts, you're going to see a drop in your potential payout.
That would make sense if the reward pool is weekly or something? i thought it was a daily reward pool...
I mean, if the whale gets his power regenerated, why should the payout decrease?... well i am just trying to understand how steemit works, it is not that easy to get :D
The regeneration takes a while. I knocked mine down to 38% on Tuesday. Here we are an hour away from Sunday (CST) and I've only regenerated back to 63.14%. I've been trying to avoid voting, or only vote at 1%.
I'm loving this short info Vlogs. I understand the basics, but between @Sykochica 's post and these videos you two are really 'filling in the blanks'
Appreciate the info and thanks for doing these.
Always answering good questions. These are helpful to all
Just what I was wondering this morning. Thanks for the info!
and we've seen an uptick in the mount of posts thus spreading out the base which 'dilutes' the pool as it was explained to me - i hope that's correct
That very well could be.